Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning.

Good morning. Today is Monday, October 2nd, and I'm your host Julie Morgan.

Student loan payments are due.

Tesla is rolling out an updated model why in China,

and Signa agrees to pay up to settle Medicare over payment claims.

Student loan payments are due again.

After years of not being required to pay, which

began due to the pandemic, borrowers have a new monthly bill.

With extra money going out on a monthly bill this could put a

strain on the wallet which means borrowers will have less money for discretionary

spending. BTIG analysts surveyed 1,000 borrowers last month and found that 82% of them will resume

paying back loans this month.

The average monthly payment will be $250 to $300 for roughly 45 million borrowers in the country.

That represents 17% of the adult population.

Roughly 60% of those surveyed said they would dine out less or reduce their spending when they eat out.

BTIG pointed to Starbucks, Chipotle, and Shake Shack,

as companies that may see a slide as a result of the return of debt payments.

Tesla has rolled out an updated model Y version in China with some improved features

although its starting price did not change.

The improved features include a new wheel design

and a slightly faster 0 to 100 kilometers per hour

acceleration time of 5.9 seconds.

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